Lifecore reports Q3 EPS (47c), consensus (15c)

Reports Q3 revenue $35.15M, consensus $33.23M. “During the third quarter, Lifecore (LFCR) continued to aggressively and successfully execute our stated plan for the year, with noteworthy accomplishments across multiple areas of the business. During the third quarter, our team signed multiple new agreements with both new and existing customers. Our revenues for the period were strong and on target with our guidance for the year. Furthermore, our cash balance was strengthened through the sale of our unused filler. Lastly, significant improvements and efficiencies were made throughout the business to enhance our overall operations and improve margins. Today, we believe Lifecore is stronger financially, and our manufacturing pipeline is more developed than at any point in the company’s recent history. We are excited to build on this momentum that we believe will position us well to achieve sustainable profitability in the not too distant future,” stated Paul Josephs, president and chief executive officer of Lifecore.